China Lowers Tariffs on US Farm Products, Soybeans Still Excluded

China has announced a reduction in tariffs on several US agricultural products, including corn, wheat, vegetable oils, and dairy. However, soybeans — a major US export to China — will continue to face a 10% tariff under the revised framework. The move follows high-level talks between Chinese President Xi Jinping and US President Donald Trump. The decision signals a partial easing of trade tensions between the two countries, though key exclusions suggest negotiations remain incomplete.